SellingNorthernNV

Quality Real Estate News and Market Data

Examples of how the 3.8% Health Care Tax may impact you

Josh Talayka | May 3, 2011

In order to fund the President Obama’s Health Care & Medicare overhaul plan, congress enacted two separate taxes that will raise the necessary funds need for the president’s plan. The first is a 0.9% tax that will be applied towards high wage and self-employment income. The second is a 3.8% tax that will be applied to some investment income received. In order to better understand how this tax will be applied, the National Association of Realtors (NAR) has put together some examples of different scenarios.

National Association of Realtor’s outlook for 2011

Josh Talayka | April 27, 2011

Early this year, Chief Economist for the National Association of Realtors (NAR) Lawrence Yun was predicting that existing-home sales for this year will increase by 0.4 million when compared to last year’s sales of 4.8 million. In addition, Yun also expects that prices will increase an average of 1% this year. According to Yun, these gains will be the result of continued economic improvements that he is also predicting.

The new Wall Street Reform Law – Restricting borrowers

Josh Talayka | March 21, 2011

Last year lawmakers presented a bill that would require lenders to retain cash reserves equal to 5% of the value of all the mortgage loans they originate. By having 5% of their own money at stake, the idea of the bill was that lender’s would be less likely to loan to borrowers who were a high risk of default.